Jerome Powell, said to be President Donald Trump’s pick to be the next Federal Reserve chairman, is set to take the reins of the world’s most important central bank at a time when the U.S. economy is on a roll. Keeping it going will be his biggest challenge.Growth is accelerating, inflation is tame and unemployment […]
It’s been seven months since the U.K. triggered the two-year countdown to Britain’s exit from the European Union, but the path to Brexit remains murkier than ever as officials contradict each other.U.K. Prime Minister Theresa May voted to Remain but now pledges to deliver Brexit, while opposition leader Jeremy Corbyn’s views on the EU are ambivalent […]
President Donald Trump plans to announce his choice for the next Fed chairman on Thursday, the day before he departs for a trip to Asia, a White House official said.The president is leaning toward picking Federal Reserve Governor Jerome Powell to lead the U.S. central bank, according to three people familiar with the the matter. […]
The most active pairing in the Euro is definitely the EURGBP. Brexit, ECB and BoE are all in the mix. Craig Erlam, Senior Market Analyst for Oanda discusses the technical layout of the currency and suggests that the Euro was overstretched leading in to the ECB meeting. However this is what was expected by the […]
The euro-area economy maintained its strong momentum at the start of the final quarter of this year, with rising workloads encouraging companies to take on new staff at the sharpest pace in more than a decade. A Purchasing Managers’ Index for manufacturing and services slipped to 55.9 in October from 56.7 in September, IHS Markit said […]
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Japanese Prime Minister Shinzo Abe won a key parliamentary election despite broad unpopularity among voters. But the electoral triumph isn’t expected to boost his ratings.A lack of a strong opposition helped his ruling coalition government, led by the conservative Liberal Democratic Party, retain its super majority in the lower house of parliament on Sunday. That’s […]
The Spanish Prime Minister’s move to take back some powers from Catalonia is the “worst attack since the dictatorship of Franco”, says the region’s leader.Carles Puigdemont was reacting to Mariano Rajoy’s announcement that he has approved implementing the previously unused Article 155 of the country’s constitution to assume control of the region to thwart secession […]
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French President Emmanuel Macron said on Friday that work on settling Britain’s financial obligations to the EU when it leaves was not even halfway done.He said more than half the work remained to be completed on the crucial issue of Britain’s exit bill and that discussions could not move to the next phase on the […]
UK Data Likely to Highlight Tough Job Facing BoE Policy Makers European markets are poised to open a little higher on Wednesday, as we await the latest labour market data from the UK and speeches from ECB and Federal Reserve policy makers. The UK is a key focus for markets this week as traders try […]
US Inflation Data Could Hold the Key to December Fed Rate Hike It’s been a relatively calm week for financial markets and yet, with indices continuing to trade at record highs there is plenty of reason for optimism. With the global economic outlook improving all the time, central banks have a new and equally difficult […]